The Abu Dhabi based airline will have a 24 per cent stake in Jet Airways, the regulator said on its website.
New Delhi: The Competition Commission of India (CCI) has approved Etihad's $325 million deal to buy a 24 per cent stake in Jet Airways, the regulator said on its website on Tuesday.
Jet said last month it expected to complete the transaction this quarter. It already has the cabinet's approval.
"...the Commission is of the opinion that the proposed combination is not likely to have appreciable adverse effect on competition in India and therefore, the Commission hereby approves the same...," the CCI said on its website.
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